It was a tumultuous fall, with natural disasters and hurricanes across the U.S. that hit sales hard on an already-struggling category. Macy’s and Kohl’s both saw steep declines, and Nordstrom shares took a hit as sales stalled in its growth engine, Nordstrom Rack.
Nike Earnings Up, Stock Price Down
Earlier this week, when Nike released its financials for the quarter ending February 29, earnings were up. So were its sales. But not enough to satisfy Wall Street. When the third quarter financials for fiscal 2016 were released after the close of the market on Tuesday, the price of Nike …
Prada Hits Record Low After Missing Forecast
Prada SpA has some serious woes. Shares of the Italian luxury goods hit a record low in Hong Kong trading, dropping 6.4% after it posted a 38% plunge in Q3 profits, missing analyst estimates. Slumping sales due to depressed economic growth sales in Greater China was a major factor. Prada …
Ascena Retail Group, Inc. Reports Third Quarter Results
Ascena Retail Group, Inc. (NASDAQ:ASNA) reported financial results for its fiscal third quarter ended April 25, 2015. This comes following recent news that Ascena has acquired Ann Inc. for $2 billion. For the third quarter of Fiscal 2015, earnings from continuing operations were $0.15 per diluted share (compared to $0.22 …
Coach Shares Fall 8% on Q3 Report
Coach shares fell by nearly 8% in early trading today after Q3 reports noted a miss on sales and closures of North American stores, according to reports. It’s all part of a $23 million “multi-year transformation plan” that includes renovations and lease terminations related to store closures. In other words, …